Cash App removes Bitcoin fees and spreads on buys above $2,000
Block’s payments platform made Bitcoin purchases above $2,000 and all recurring or automated buys free, while also raising withdrawal limits and emphasizing 1:1 backing with 24/7 withdrawals.
BTC
Fact Check
The core claims are directly confirmed by Cash App's own press release ('Cash App is built for living on bitcoin') and official fee page ('Cash App bitcoin fees'). The press release states fees and spreads were removed for buys over $2,000 and withdrawal limits were raised 5x. The fee page confirms 0% fees and 0% spread for $2000+ buys and for all recurring/automated buys (Auto Invest, Round Ups, direct deposit), plus no-fee standard withdrawals within 24 hours. Independent outlets (Yahoo Finance, Crypto Briefing) corroborate. The claim's mention of '1:1 backing' is a minor framing element not explicitly stated in the press release but consistent with the overall announcement; all substantive elements are verified.
Summary
Cash App said it has eliminated fees and spreads on Bitcoin purchases above $2,000 and on all recurring or automated Bitcoin buys, including Auto Invest and Round Ups. The Block-owned platform said the pricing change lowers costs for both larger one-time orders and dollar-cost averaging strategies commonly used by retail investors, while Bitcoin withdrawal limits are being increased and holdings in the app remain backed 1:1 with round-the-clock withdrawal access.
Terms & Concepts
- spread: Difference between market and execution price
- Auto Invest: Automated recurring purchase feature
- dollar-cost averaging: Buying fixed amounts at regular intervals